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Person to Person Lending / Borrowing

Monday, June 18th, 2007   | Filed under: Make Money with

I may have found the best way to borrow money! Whether its to pay off bills or to start a business there are people out there bidding on your loan to gain an investment. The site is called Prosper the concept is awesome they allow you to do the following:

  • Borrow up to $25,000 at competitive rates
  • Thousands of lenders compete to lower your rate
  • Pay off credit cards or finance a business

And on top of that if you wanted to invest a little bit of cash you could lend people money and gain a higher rate of interest off of your money… I’ve seen rates as high as 26% and I don’t know about you but a 26% ROI is a pretty good investment. Here is some of the stuff they allow:

  • Set your own rate and get a great return!
  • Lend as little as $50 to help a borrower
  • $25 sign-up bonus!


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Comments

  1. 1
    RennyBA // June 18th, 2007 at 1:57 pm

    Sounds to good to be true - at least for a Norwegian:-)
    Btw: Thanks for the add at BlogCatalog - you really have a great and informative blog!

  2. 2
    Prosper With Prosper // June 18th, 2007 at 4:20 pm

    Yeah, Prosper is a great site!

  3. 3
    Anonymous // June 18th, 2007 at 8:00 pm

    thanks for the link! this is a great post

  4. 4
    Tom // June 19th, 2007 at 9:36 am

    Prosper is great but you won’t get a 29% ROI. With careful investing it’s much more likely that you will get between 10-15% in my opinion. Which is still very good. Learn from those out there that have already made mistakes.

  5. 5
    tony // June 19th, 2007 at 12:03 pm

    prosper rocks!

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